Four of nine sectors moved higher on Thursday…XLU,
XLV and XLE were the strongest sectors…XLP was the
weakest sector.
Thursday - mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
SPY down .14 at 195.44 on 84.2 million shares
VIX up .04 at 11.63…
TNX down .34 at 25.25…
TLT up .54 at 113.41...
XLF down .08 at 22.67 on 26.7 million shares
AAPL up .54 at 90.90 on 32.5 million shares
FB down .31 at 67.13…on 47.6 million shares
Technical Commentary:
QQQ +
0.05%, IWM – 0.17%, DIA – 0.12%, SPY – 0.07%.
Trade with the trend of
the chart you are trading and continue to move your protective stops. Continue to follow your rules.
Short-term up trend Chart
Targets:
SPY = 196.05, 197.87, 198.99 …
QQQ = 93.02, 94.31,
94.89…
IWM = 117.48, 118.48, 120.30…
Support Levels
SPY = 193.11, 191.96,
190.88…
QQQ = 91.73, 90.44…
IWM = 114.66, 113.62…
EARNINGS this week:
Monday – MU
Tuesday –
CCL, WAG
Wednesday
– APOL, BKS, BBBY, GIS,
MON
Thursday –
ESI, LEN, NKE, SCHN
Friday –
KBH, FINL
Q1 Earnings Reactions
Positive Reactions – APOL,
BKS, MON, MU, ADBE, BBRY, FDX, RHT, YGE, ULTA, CIEN, BIG, PANW, GLNG,
QIHU, AAPL, ADSK, AET, ALL, ALXN, AMAT, ANGI, ANR, APA, ATVI, BA, BHI,
BIDU, BTU, BWLD,
BX, C, CHRW, CNX, COG, CTRP, CTRX, CTXS, DAL, DAVE, DDS, DECK, DHI, DNB, DO, DTV, DV, EA, ENR, ETFC, FCX, FISV, FNMA, FOXA, GE, GILD, GMCR, GME, GOGO, GRMN, HAL, HAS, HOG, HPQ, HUM, IBKR, INTC, JCP, JNJ,
KO, LPNT, LRCX, LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NTAP,NXPI, PBI, PCLN,
POT, PRU, RF, S, SCHW, SCTY,
SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSL, TSO, TWX, UNP, URI,
UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z
Negative Reactions – BBBY,
GIS, CCL, WAG, ORCL, LULU, KKD, SPLK, ACI, ADM, AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BBRY, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DKS, DVA, EBAY, ESI, ESRX, EXPE, F, FAST, FEYE, FFIV, FXCM, GOOG, GRPN, IBM, JAZZ, JCI, JDSU, JPM, K, KLAC, KMB,
KRFT, LLTC, LLY, LNKD, LVS, LXK, MCP, MMM, MOS, MTW, MU, MXIM, NKE,NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM,
REGN, SAVE, SEE, SFUN, SIRI, SOHU, SPLS, SSYS, STLD, STT, STX, SUNE, SWI, T, TJX, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,
Reversal in progress – AEIS, AMGN, BRCM,
CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, MOS, NUE, PCAR, STLD, WDC, ZION
Reversal of Initial
Reaction – ADM, AIG, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF, DDD, DIS,
DISCA, DVA, ESRX, F, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS, MMM, MU, NKE, NSC,
NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, STX, SUNE, T, UPS, VIAB, VMW, VZ,
YNDX, YY, ANR,
BTU, COG, YHOO
The SPY Market Forecast green line is rising in the upper zone at 92.
____________________
Setups
Horizontal Breakout: AAL,
CTRP, FSLR, GME, MFRM, MTW, QIHU, SUNE, TPX, XONE, KKD, CTSH, MYL, STX, WDC,
Diagonal Breakout: DAL,
TSL, V, X, AAPL, ILMN, PCLN,
Bull Flag:
GLW, CTXS, MNST, MU,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: C, RAX, GMCR,
C- Pattern:
Moves
New Highs:
H Breakout: DDD, NKE,
SFUN, YOKU, CMCSA,
Diagonal Breakout: EBAY,
Bull Flag Bounce: ADSK,
DTV,
Gap Up: ATI, CSIQ, TWTR,
LVS, WYNN,
Gap Down:
Breakout Test:
Bounce: BX, GTAT, JASO, JCP, JDSU, JNPR, MTW, PANW, SWI,
ZION, ANR, WLT, YHOO,
MACD Divergence Bounce:
QCOM,
Bear Flag:
Support Break: AIG, FFIV,
C- Pattern:
______________________
37 of 100 NDX stocks
closed higher on Thursday and two were unchanged.
Leading NDX 100 stocks included: VRTX, VOD, WYNN, MDLZ, ISRG, CTRX, BIIB, YHOO,
ADSK
Lagging NDX stocks included: BBBY, TSCO, DISCA, GMCR, FFIV, NVDA, GRMN,
ATVI, NXPI
Leading stocks > +2% on Thursday
included: SFUN, JDSU,
TWTR, XONE, JD, CSIQ, CTRP, ATI, SCTY, GTAT, JCP, FSLR
Lagging stocks < -2.0% included:
UNG, GOGO
Stocks to Watch on Thursday
Holding Above 30 DMA= 72
MAR, CHRW,
SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT,
GMCR, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, BIDU, CMCSA,
TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, EXPE, LLTC, SBUX, FB, ALTR, DLTR,
TXN, TSLA, AMZN, GRMN, KLAC, ADI, INTC, MYL, STX, WDC, VIP, ORLY, SRCL, FAST,
ISRG, LMCA, CHKP, MNST, XLNX, PAYX, SYMC, CTSH, DTV, MAT, DISH, LINTA, VRTX,
FSIV, GILD, PCLN, SBAC
Moving Above 30 DMA = 3
WYNN, MDLZ, FOXA
Moving Below 30 DMA = 3
COST, NTAP, PCAR
Staying Below 30 DMA
FFIV,
MXIM, ALXN, NVDA, QCOM, VIAB, WFM, BBBY, CA, CERN, ROST, YHOO, DISCA, REGN,
ESRX, VRSK, EXPD, TSCO, LBTYA, SPLS, VOD, EBAY
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral/Down
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